Market news

21 August 2018
  • 21:59
  • 20:32

    The major US stock indexes finished trading in positive territory

    Major US stock indices rose on Tuesday, supported by encouraging earnings reports, as well as hopes that the US and China will be able to resolve their tariff dispute.

    The dynamics of the market were also influenced by yesterday's comments of US President Donald Trump, who criticized the head of the Fed Jerome Powell for his policy of gradual raising interest rates, and accused the EU countries and China of manipulating the exchange rates of national currencies.

    Quotes of oil rose to a maximum in a week, helped by the prospect of price support from US sanctions against Iran, although the trade dispute between Washington and Beijing kept traders and analysts cautious.

    Most DOW components recorded a rise (19 out of 30). The leader of growth was shares of Intel Corporation (INTC, + 2.41%). Outsider were the shares of Merck & Co., Inc. (MRK, -1.43%).

    Most sectors of S & P completed the auction in positive territory. The sector of industrial goods grew most (+ 1.0%). The most significant decline is in the utilities sector (-0.6%)

    At closing:

    Dow 25,822.29 +63.60 +0.25%

    S&P 500 2,862.96 +5.91 +0.21%

    Nasdaq 100 7,859.17 +38.17 +0.49%

  • 19:02

    DJIA +0.36% 25,852.58 +93.89 Nasdaq +0.51% 7,860.86 +39.85 S&P +0.31% 2,866.02 +8.97

  • 16:01

    European stocks closed: FTSE 100 -25.56 7565.70 -0.34% DAX +53.19 12384.49 +0.43% CAC 40 +28.95 5408.60 +0.54%

  • 14:51

    To keep Iran nuclear deal alive, Europe needs to establish payment systems that are independent of United States - German Foreign Min. in Handelsbatt @LivesquawkIndia

  • 13:55

    Long-dated U.S Treasury yields ros, paring the yield plunge seen earlier this week, ahead of the key Jackson Hole gathering where Fed Chairman Jerome Powell is set to speak. The 10-year Treasury note yield bounced up 1.9 basis points to 2.842%

  • 13:34

    U.S. Stocks open: Dow +0.16%, Nasdaq +0.30%, S&P +0.23%

  • 13:26

    Before the bell: S&P futures +0.15%, NASDAQ futures +0.21%

    U.S. stock-index futures rose on Tuesday on hopes that resumed talks between the U.S. and China could resolve their trade dispute.


    Global Stocks:

    Index/commodity

    Last

    Today's Change, points

    Today's Change, %

    Nikkei

    22,219.73

    +20.73

    +0.09%

    Hang Seng

    27,752.79

    +154.77

    +0.56%

    Shanghai

    2,733.83

    +35.36

    +1.31%

    S&P/ASX

    6,284.40

    -60.60

    -0.96%

    FTSE

    7,586.53

    -4.73

    -0.06%

    CAC

    5,417.96

    +38.31

    +0.71%

    DAX

    12,412.47

    +81.17

    +0.66%

    Crude

    $66.21


    +1.21%

    Gold

    $1,197.30


    +0.23%

  • 12:57

    Wall Street. Stocks before the bell

    (company / ticker / price / change ($/%) / volume)


    Amazon.com Inc., NASDAQ

    AMZN

    1,881.18

    4.47(0.24%)

    21186

    Apple Inc.

    AAPL

    216.5

    1.04(0.48%)

    144715

    Apple Inc.

    AAPL

    216.5

    1.04(0.48%)

    144715

    Barrick Gold Corporation, NYSE

    ABX

    10.19

    0.05(0.49%)

    26772

    Boeing Co

    BA

    351.2

    0.46(0.13%)

    1845

    Caterpillar Inc

    CAT

    139.25

    0.58(0.42%)

    1645

    Facebook, Inc.

    FB

    173.32

    0.82(0.48%)

    43120

    Ford Motor Co.

    F

    9.78

    0.06(0.62%)

    64339

    General Electric Co

    GE

    12.31

    0.01(0.08%)

    107850

    General Motors Company, NYSE

    GM

    36.8

    0.03(0.08%)

    18894

    Intel Corp

    INTC

    46.5

    0.00(0.00%)

    10769

    International Business Machines Co...

    IBM

    147

    0.49(0.33%)

    800

    Microsoft Corp

    MSFT

    107.1

    0.23(0.22%)

    29159

    Nike

    NKE

    82.25

    0.07(0.09%)

    1262

    Procter & Gamble Co

    PG

    83.48

    -0.16(-0.19%)

    1019

    Starbucks Corporation, NASDAQ

    SBUX

    53.95

    0.03(0.06%)

    2805

    Verizon Communications Inc

    VZ

    54.9

    0.25(0.46%)

    3663

    Wal-Mart Stores Inc

    WMT

    96.37

    0.37(0.39%)

    8413

    Yandex N.V., NASDAQ

    YNDX

    31.56

    -0.07(-0.22%)

    763

  • 12:53

    Analyst coverage initiations before the market open

    3M (MMM) initiated with a Equal-Weight at Morgan Stanley; target $212

    Honeywell (HON) initiated with a Overweight at Morgan Stanley; target $175

  • 12:52

    Downgrades before the market open

    Tesla (TSLA) downgraded to Equal Weight from Overweight at Consumer Edge Research

  • 12:52

    Upgrades before the market open

    AT&T (T) added to BofA/Merrill's 'US 1 List'

  • 12:36

    Canadian wholesale sales declined for the second time in three months, down 0.8% to $63.1 billion in June

    Sales were down in five of seven subsectors, accounting for 71% of total wholesale sales. The motor vehicle and parts and the miscellaneous subsectors contributed the most to the decline.

    In volume terms, wholesale sales decreased 1.1%.

    On a quarterly basis, wholesale sales increased 1.0% in current dollars and 0.7% in constant dollars in the second quarter. This marked the ninth consecutive quarterly increase in both current and constant dollars.

    The motor vehicle and parts subsector reported the largest decline in dollar terms, down 1.9% to $10.9 billion in June, mainly due to lower sales in the motor vehicle industry (-2.4%). This marked the third consecutive decline for the motor vehicle and parts subsector.

  • 12:30

    Canada: Wholesale Sales, m/m, June -0.8% (forecast 0.8%)

  • 11:33

    The price of copper continued its resurgence Tuesday, with a slip in the U.S. dollar allowing the base metal to reclaim the value it lost during heavy selling last week - DJ

    The industrial commodity was up 1.05% at $6,051.50 a metric ton in midmorning trade in London, having rallied 2% so far this week.

    Gold prices edged up 0.2% to $1,194.16 a troy ounce, with analysts citing President Trump's criticism of Federal Reserve monetary policy as being among the factors dragging on the dollar.

  • 10:05

    UK manufactuing output growth slowed slightly in the three months to August - CBI

    The survey of 379 manufacturers revealed that output growth slowed slightly in the three months to August but remained well above the long-term average.

    Output growth remained broad-based, with 13 out of 17 sub-sectors reporting growth, driven by the 'food, drink and tobacco' sector. Manufacturers expect output growth to continue at a similarly firm pace over the next three months.

    While total order books faded slightly compared with the previous month, they were still comfortably above the long-run average. Export orders remained strong and well above the long run average.

    Meanwhile, expectations for output price inflation remained steady, and broadly similar to those seen over the past six months.

  • 10:00

    United Kingdom: CBI industrial order books balance, August 7 (forecast 9)

  • 09:08

    Rio Tinto PLC (RIO.LN) said Monday that it has opened a fourth diamond pipe at its subarctic Diavik Diamond Mine in Canada's Northwest Territories

  • 08:33

    UK public sector net borrowing was £39.4 billion; that is, £6.4 billion less than in the previous financial year

    Public sector net borrowing (excluding public sector banks) in the latest full financial year (April 2017 to March 2018) was £39.4 billion; that is, £6.4 billion less than in the previous financial year (April 2016 to March 2017) and £5.8 billion less than official (Office for Budget Responsibility) expectations; this is the lowest net borrowing for 11 years (financial year ending 2007).

    Public sector net debt (excluding public sector banks) was £1,777.5 billion at the end of July 2018, equivalent to 84.3% of gross domestic product (GDP), an increase of £17.5 billion (or a decrease of 1.7 percentage points as a ratio of GDP) on July 2017.

    Central government net cash requirement in the current financial year-to-date (April 2018 to July 2018) was £0.3 billion; that is, £4.4 billion less than in the same period in 2017; this is the lowest year-to-date (April to July) net cash requirement for 17 years (2001).

  • 08:31

    United Kingdom: PSNB, bln, July 2.872 (forecast 2.3)

  • 08:24

    FTSE -8.93 7582.33 -0.12% DAX -10.74 12320.56 -0.09% CAC -9.13 5370.52 -0.17%

  • 08:23

    British Foreign Minister Hunt Says Chances Of A No Deal Brexit Is Not Negligible @LiveSquawk

    • Says No Deal Brexit Would Be A Big Geo-Strategic Mistake For Continent Of Europe

    • Cautiously Optimistic That We Will Get A Brexit Deal

  • 07:06

    Options levels on tuesday, August 21, 2018

    EUR/USD

    Resistance levels (open interest**, contracts)

    $1.1632 (2353)

    $1.1598 (825)

    $1.1570 (5779)

    Price at time of writing this review: $1.1513

    Support levels (open interest**, contracts):

    $1.1459 (3988)

    $1.1442 (5395)

    $1.1420 (10691)


    Comments:

    - Overall open interest on the CALL options and PUT options with the expiration date September, 7 is 138179 contracts (according to data from August, 20) with the maximum number of contracts with strike price $1,1500 (10691);


    GBP/USD

    Resistance levels (open interest**, contracts)

    $1.2977 (3424)

    $1.2940 (884)

    $1.2880 (623)

    Price at time of writing this review: $1.2824

    Support levels (open interest**, contracts):

    $1.2757 (3154)

    $1.2740 (2502)

    $1.2717 (1211)


    Comments:

    - Overall open interest on the CALL options with the expiration date September, 7 is 35746 contracts, with the maximum number of contracts with strike price $1,2950 (3434);

    - Overall open interest on the PUT options with the expiration date September, 7 is 32529 contracts, with the maximum number of contracts with strike price $1,2900 (3154);

    - The ratio of PUT/CALL was 0.91 versus 0.92 from the previous trading day according to data from August, 20.

    * - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

    ** - Open interest takes into account the total number of option contracts that are open at the moment.

  • 06:44

    Futures: DAX 0,0% FTSE -0,3% CAC 40 -0,1%

  • 06:43

    Trump’s attack on the Fed crossed the "red line" and could weaken the dollar

    The dollar fell and may continue to weaken after President Donald Trump said he does not agree with the Fed's decision to raise interest rates, and that the Fed should do "what's good for the country."

    The latest criticism of President Donald Trump, in an interview with Reuters, came four days before the long-awaited speech of Fed Chairman Jerome Powell on Friday at the annual Jackson Hole Symposium.

    "The market will react to the Tram, not so much on the idea that the Fed will change its opinion on monetary policy, how much the dollar is due to the idea of ​​the president's assault on the Fed," said Mark Chandler, head of the currency exchange strategy at Brown Browns Harriman. "I would say that the dollar is already corrected, but Trump's comments will probably prevent him from continuing to grow."

    The dollar index touched a minimum of 95.78, having decreased by 0.6%. Treasury yields were also at the lows of the day, and stocks lost some of their profits before closing in the green zone. The yield on 10-year bonds was 2.82%.

  • 06:40

    Trump said to complain Powell hasn't been cheap-money Fed chair: BBG

  • 06:39

    RBA: Core inflation is expected at 1.75% during 2018 and will increase to 2.25% in 2020

    • It is expected that government spending will make a significant contribution to economic growth through 2020

    • Members of the Council recognized the implications of arid conditions for the agricultural sector

  • 06:38

    Minutes of the August RBA meeting: There are no good reasons for short-term interest rate changes

    • The next rate movement is likely to be up, depending on the level of unemployment and inflation

    • The bank will become a source of stability and confidence, adhering to the current policy

    • The Australian dollar has fallen against the US dollar, but is still within the trading range of the last two years

    • Household consumption was supported by revenue growth in the second quarter

    • Uncertainties about the prospects for household consumption decreased

  • 06:27

    Swiss trade balance rose less than expected in July

    After a stagnation in the previous month, exports and imports developed negatively. While exports fell by a seasonally adjusted 3.0 percent in July 2018, imports fell by 2.8 percent. The development of the Chemical-Pharmaceuticals division burdened the overall results of both traffic directions. The surplus on the trade balance stood at 1.2 billion francs.

  • 06:18

    Trump Says 'Most Likely' To Have Second Meeting With North Korea's Kim Jong Un - Reuters

  • 06:16

    Switzerland: Trade Balance, July 1.15

21 August 2018
Market Focus
  • The number of job openings was little changed at 6.7 million on the last business day of June
  • UK house prices in the three months to July increased by 3.3% against the same period a year earlier
  • German industrial production declined more then expected in June
  • The average of household spending in Japan was down 1.2 percent on year
Quotes
Symbol Bid Ask Time
EURUSD
GBPUSD
XAUUSD
USDCHF
AUDUSD
NZDUSD
USDCAD
USDJPY
XAGUSD
XAGEUR

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